As market Circumstances Improve, NFT Investments Increases Its Position In Bitcoin & Ether.

NFT Investments PLC (AQSE:NFT) is an investment firm that specializes in the non-fungible tokens (NFTs) market and has raised $16 million to buy Bitcoin (BTC) and Ethereum (ETH) to roll out in 2023. said it had raised more than a dollar.

In its latest investment report, the Aquis-listed group said it was a move to preserve cash on hand until unfavorable market conditions improve, but the recent rally has pushed the benchmark crypto Assets are on the rise and NFT Investments has already confirmed a $16 million increase in reserves. 37% in value.

NFT Investments has an unaudited net asset value of $33.2 million (3.3 pence per share) as of January 29, 2023, including $27.8 million in liquid crypto and cash equivalents. increase. The current share price is 75% below the company’s NAV.

In a statement, NFT Investments Executive His Chairman Jonathan Bixby commented: Wait, look at the bottom of the market.

“We have identified an opportunity to create value for our investors by leveraging our significant cash reserves in November 2022. We are pleased with our timing and subsequent financial position. We continue and are very pleased that over 90% are now involved in emerging markets.”

Originally published at https://businessdor.com on January 30, 2023.